A pair of renderings released Monday provide the first look at the Boomer Town Studios project on National Avenue, just north of Grand Street.

Plans for the new development — near the main entrance of Missouri State University — include a four-story structure with a mix of restaurants, retail space and student housing.

The project includes 70 furnished, micro-efficiency studio units.

Anna Eatherton, a spokeswoman for the project, said a total of seven structures were cleared to make way for the Boomer Town Lofts.

She said the five houses and two former fraternity houses were located along National Avenue between Page and Madison streets.

In a news release, developer Brent T. Brown said the mixed-use project is a partnership between Boomertown Lofts LLC and Missouri Valley REIT, Inc. “This development will be a much-needed clean-up of the old, dilapidated buildings across from the main entry point to the Missouri State campus."

The developer is not yet releasing the cost of the project, which includes a building with 41,381 square feet on 1.3 acres.

According to the release, Brian Kubik, of Buxton Kubik Dodd Creative, designed Boomer Town Studios.

An artist rendering for Boomer Town Studios, which is planned on National Avenue across from the main entrance of Missouri State University.(Photo: Submitted)

Work on the project started this month and is expected to take one year, opening in time for the start of the 2018-19 school year. Entrust Property Solutions will manage the property at 820 S. National Ave.

Jill Cooper, chief operations officer for the property manager, said the property will be open to students as well as others who want to live near downtown Springfield.

Each studio is expected to rent for $750 a month including secure access, washers and dryers, furnishings, linens, kitchen equipment, internet and utilities.